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Question 2 1 pts = An n = 14 year bond is issued with annual coupons and a face (par) value of F = $600.

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Question 2 1 pts = An n = 14 year bond is issued with annual coupons and a face (par) value of F = $600. The coupon rate is an annual effective rate of r = 7.1%. The yield rate is an annual effective rate of i = 4.6%. The bond will be redeemed at maturity (time t = 14) for a redemption value of C = $625. Determine the price of the bond. Enter your answer to the nearest cent

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